Lend Academy Network Forum

Lending Club Discussion => Investors - LC => Topic started by: DarioEM on December 10, 2014, 05:36:17 AM

Title: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: DarioEM on December 10, 2014, 05:36:17 AM
Screenshot of company account earning 26.81% Net Annualized Return on Lending Club. Over a year ago this account was making 23.70%.
Lending Club is great but our investors actually do better than this

(https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2F3.bp.blogspot.com%2F-QoF03hSFQf4%2FVIayYK2v5VI%2FAAAAAAAABlM%2FlnaTx-FkTTE%2Fs400%2FLending%252BClub%252BScreenshot%252Bblack%252Bout.png&hash=8d532642e0772bbf9e16f16bf1b5b995)
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: core on December 10, 2014, 06:06:44 AM
Very nice!  You guys must be making a pile of money since you don't even need to invest half of your cash in notes.  Is LC giving you a special interest rate on that idle cash?

By the way, I like the palm trees on your web site.  Whenever I see palm trees and a beach, I pretty much know I'm dealing with a reputable company right away.  But I would have preferred to be able to do some reading on the site without having to supply my email address and phone number.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Fred93 on December 10, 2014, 06:19:07 AM
Screenshot of company account earning 26.81% Net Annualized Return on Lending Club. Over a year ago this account was making 23.70%.
Lending Club is great but our investors actually do better than this

(https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2F3.bp.blogspot.com%2F-QoF03hSFQf4%2FVIayYK2v5VI%2FAAAAAAAABlM%2FlnaTx-FkTTE%2Fs400%2FLending%252BClub%252BScreenshot%252Bblack%252Bout.png&hash=8d532642e0772bbf9e16f16bf1b5b995)

Those are some great numbers Dario.

Unfortunately...
1. I notice that you turned off the "adjust... for past due notes." feature.  I suggest you turn that on.

2. I note that LC has paid you $18,885 in interest.  You have $166,991 invested at present.  If I divide, I get 11.3%   Comparing that to the displayed NAR, I conclude that you have had most of that money invested for a very short time.  If you had the money invested for say about a year, I would expect those two numbers to be about equal.

It is trivial to get a high NAR when most of your money has been invested for a short time, as yours has.  All you have to do is invest in the riskiest loans.  NAR doesn't say much about your performance until the portfolio has aged some. 

During the 1st month of a loan, it can't be late, because no payment is due yet.
During the 2nd month, it can be late, but it can't yet be 1 month late.
During the 3rd month, it can be 1 month late.
During the 4th month, it can be 2 months late.
During the 5th month, it can be 3 months late.
During the 6th month, it can become 4 months late, and can be charged off.

So all those risky loans you recently (less than 6 months ago) purchased can't be charged off yet.  Therefore your NAR simply reflects the interest rate on those loans, and not your investment performance.

I wish you well.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: rawraw on December 10, 2014, 06:57:57 AM
Seems a lot of people are adopting this strategy.  Man I wish they'd realize it's like playing Russian roulette
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: core on December 10, 2014, 07:14:53 AM
Seems a lot of people are adopting this strategy.  Man I wish they'd realize it's like playing Russian roulette

But his company guarantees a 15% return minimum!  Even in poor economic conditions.  That doesn't sound so risky...? :)
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: GS on December 10, 2014, 08:31:23 AM
Payments of $18K on a $400K account does seem odd, especially when you claim the account is more than 1 year old.  My $10K account is about 1.5 years old, and has $6K in payments.  The only way I could see that working is if you are holding all your notes for a very short time then selling them on folio, which is a good strategy, IMO.  But think that strategy might be dead after the IPO and apparently all users will be able to buy off the platform  The other thing I see is lots of idle cash earning 0%, but that's not factored in your NAR.  Your real return (i.e. XIRR) is going to be much, much lower, based on the idle cash alone.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: lascott on December 10, 2014, 09:41:45 AM
Screenshot of company account earning 26.81% Net Annualized Return on Lending Club. Over a year ago this account was making 23.70%.
Lending Club is great but our investors actually do better than this

(https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2F3.bp.blogspot.com%2F-QoF03hSFQf4%2FVIayYK2v5VI%2FAAAAAAAABlM%2FlnaTx-FkTTE%2Fs400%2FLending%252BClub%252BScreenshot%252Bblack%252Bout.png&hash=8d532642e0772bbf9e16f16bf1b5b995)
It'd be great to see your "Portfolio" page on LendingClub.  I love looking at those estimated payments and such. TIA
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: hessinger on December 10, 2014, 09:45:10 AM
It'd be great to see your "portfolio" tab on in LendingClub.  I love looking at those estimated payments and such. TIA

There's a reason why this screen shot shows just the very minimal amount of information. I'd say this has probably been faked. It's pretty darn simple to modify the HTML generated by the page any modern browser. Funny this gets posted up on these forums just right before the IPO too. Wonder why?
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Unfolder on December 10, 2014, 10:01:21 AM
Hey it's like my strategy but using other people's money (even better!)  :P
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: kbenson99 on December 10, 2014, 10:12:35 AM
Using Chrome's developer tools, It is exceedingly simple to change what is shown within the browser.  I'd take what is shown with a grain of salt.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Victor on December 10, 2014, 10:50:06 AM
The critical and analytical eye the participants on this forum turn to these suspicious (fraudulent?) claims may be the most valuable service provided by this forum to investors and particularly the newbies just dipping their toes in these choppy waters.  With the IPO, I expect to see a marked increase in posts making exaggerated or false claims and soliciting other people's money.

I'm encouraged to see the Lend Academy Constabulary rise to this challenge and call out all suspicious and specious claims.  We must fight Core's Neo-Bolshevik Russian Mobsters and South Florida Boiler Room Operators on the palm laden beaches for the benefit of all humanity.

DarioEM, can you honestly guarantee a 15% return to investors by "managing" their money and actually expect to make a "profit" except by stealing it from your investors?  I call bullshit.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: core on December 10, 2014, 11:17:03 AM
Funny this gets posted up on these forums just right before the IPO too. Wonder why?

On his Linkedin page (https://www.linkedin.com/in/dariomontesdeoca) (job title internet marketer, with possible connection to the Russian woman listed there), he says he feeds the homeless.  So maybe he needs a bunch more LC clients to pay for a special turkey & Thunderbird Christmas dinner for the less fortunate.  So you guys better start handing over your money because it's going to a good cause.  What a guy!
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Ben on December 10, 2014, 12:32:17 PM
For the first year my LC account was open, I as well made great returns in the twenties. Every 6 months or so I would watch it drop a few percentage points. At almost 3 years it is stabled out at about 12 percent. It's easy to make great returns in the beginning. I would like to see what this guy's percentage is a couple of years from now. You know when the loans are nice and seasoned. If this guy is relying on it staying in the twenties, for his business, he is in trouble.  :P
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Rob L on December 10, 2014, 01:38:05 PM
For example, here's a simple photoshop of same:

(https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2F9sVFMNg.png&hash=66c629635d39a3d347c69ee0e302a53f)
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Ben on December 10, 2014, 02:13:13 PM
That is sweet Rob L. Too bad you can't actually alter our accounts like that. I would love for you to pull a Ferris Bueller and make it real! Lol ;D
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Fred93 on December 10, 2014, 03:29:23 PM
(https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2F9sVFMNg.png&hash=66c629635d39a3d347c69ee0e302a53f)

Can I invest money with you?
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Rob L on December 10, 2014, 03:41:28 PM
Sure; just call one of our reps to open your account.
Dial 1-900-634-5789 (props to Wilson Picket & Eddie Floyd -- Blues Brothers 2000)  :)
https://www.youtube.com/watch?v=o8QU7BqTEws (https://www.youtube.com/watch?v=o8QU7BqTEws)
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: brec on December 10, 2014, 07:40:22 PM
... holding all your notes for a very short time then selling them on folio, which is a good strategy, IMO.  But think that strategy might be dead after the IPO and apparently all users will be able to buy off the platform

Eh? I thought that state law restrictions prevented a significant number of potential users from buying on LC's retail platform. How will the IPO change that?
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Unfolder on December 10, 2014, 07:44:22 PM
Lol if you think any of those state laws will ever be enforced. Most of the people in charge of enforcing those laws at the state level are just bureaucrat/union hacks that don't even have college degrees and are just there to punch clocks. They probably aren't even aware of LC's existence and are too dumb/lazy to figure out they are in violation of finance regulations if they are.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: brec on December 10, 2014, 08:03:52 PM
Lol if you think any of those state laws will ever be enforced. Most of the people in charge of enforcing those laws at the state level are just bureaucrat/union hacks that don't even have college degrees and are just there to punch clocks. They probably aren't even aware of LC's existence and are too dumb/lazy to figure out they are in violation of finance regulations if they are.

I don't know about state enforcement, but I've seen lots of people say they bought loans only via FOLIOfn and not LC's retail lending platform because of their state of residence. The Notes Prospectus says,
Quote
The Notes are not available for offer and sale to residents of every state. Our website will indicate the states where residents may purchase Notes. We will post on our website any special suitability standards or other conditions applicable to purchases of Notes in certain states that are not otherwise set forth in this prospectus.

In a brief look I couldn't find a list on the website.

Apparently the IPO is going to change this, but I'm curious as to how.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: GS on December 10, 2014, 08:32:19 PM
... holding all your notes for a very short time then selling them on folio, which is a good strategy, IMO.  But think that strategy might be dead after the IPO and apparently all users will be able to buy off the platform

Eh? I thought that state law restrictions prevented a significant number of potential users from buying on LC's retail platform. How will the IPO change that?

LC claims that after the IPO federal "Blue Sky" laws will allow everyone in all states to buy on the retail platform.  I'm skeptical of this claim, but they have repeated it multiple times.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Unfolder on December 10, 2014, 08:56:53 PM
LC claims that after the IPO federal "Blue Sky" laws will allow everyone in all states to buy on the retail platform.  I'm skeptical of this claim, but they have repeated it multiple times.

It's not the how, it's the who (you know). Having an ex-treasurer on your payroll helps bend these troublesome laws the right way.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: JoeB on December 10, 2014, 10:29:16 PM
Palm trees, run-on sentences: "Get all the details by filling out the form below, you’ll also receive our testimonial video of actual investors that are earning money plus more great content about investing and using leverage to become financially free"

and a web site registered for one year...
http://www.networksolutions.com/whois/results.jsp?domain=passiveincomeinvesting.com

Seems legit to me.  ;)
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Fred on December 10, 2014, 10:43:13 PM
LC claims that after the IPO federal "Blue Sky" laws will allow everyone in all states to buy on the retail platform.  I'm skeptical of this claim, but they have repeated it multiple times.

I am not skeptical of the claim.   LC S-1 filing shows "Blue Sky fees and expenses" of $15,000.

Historically, the federal securities laws and the state blue sky laws complemented and often duplicated one another.  I believe all 50 states have their own version of blue-sky law now.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Fred on December 10, 2014, 10:53:58 PM
Looks like Dario and Daniel Nase of BIC (Bakersfield Investment Club) -- http://www.lendacademy.com/forum/index.php?topic=2784.0 -- are related.

Both are in the "Leadership" and "Top Investors" roles here https://www.crowdfunder.com/realestatedevelopment
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: DarioEM on December 11, 2014, 12:49:16 AM
Very nice!  You guys must be making a pile of money since you don't even need to invest half of your cash in notes.  Is LC giving you a special interest rate on that idle cash?

By the way, I like the palm trees on your web site.  Whenever I see palm trees and a beach, I pretty much know I'm dealing with a reputable company right away.  But I would have preferred to be able to do some reading on the site without having to supply my email address and phone number.

I write a lot of details in the newsletter I wouldn't normally publish out in the open, that page is just my gatekeeper to see who is really interested in wanting to invest. Here's a brief overview of the company: http://passiveincomeinvesting.com/blog/company-overview (http://passiveincomeinvesting.com/blog/company-overview)
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: DarioEM on December 11, 2014, 12:51:08 AM
Screenshot of company account earning 26.81% Net Annualized Return on Lending Club. Over a year ago this account was making 23.70%.
Lending Club is great but our investors actually do better than this

(https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2F3.bp.blogspot.com%2F-QoF03hSFQf4%2FVIayYK2v5VI%2FAAAAAAAABlM%2FlnaTx-FkTTE%2Fs400%2FLending%252BClub%252BScreenshot%252Bblack%252Bout.png&hash=8d532642e0772bbf9e16f16bf1b5b995)

Those are some great numbers Dario.

Unfortunately...
1. I notice that you turned off the "adjust... for past due notes." feature.  I suggest you turn that on.

2. I note that LC has paid you $18,885 in interest.  You have $166,991 invested at present.  If I divide, I get 11.3%   Comparing that to the displayed NAR, I conclude that you have had most of that money invested for a very short time.  If you had the money invested for say about a year, I would expect those two numbers to be about equal.

It is trivial to get a high NAR when most of your money has been invested for a short time, as yours has.  All you have to do is invest in the riskiest loans.  NAR doesn't say much about your performance until the portfolio has aged some. 

During the 1st month of a loan, it can't be late, because no payment is due yet.
During the 2nd month, it can be late, but it can't yet be 1 month late.
During the 3rd month, it can be 1 month late.
During the 4th month, it can be 2 months late.
During the 5th month, it can be 3 months late.
During the 6th month, it can become 4 months late, and can be charged off.

So all those risky loans you recently (less than 6 months ago) purchased can't be charged off yet.  Therefore your NAR simply reflects the interest rate on those loans, and not your investment performance.

I wish you well.

Thank you for the feedback
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: DarioEM on December 11, 2014, 12:55:49 AM
It'd be great to see your "portfolio" tab on in LendingClub.  I love looking at those estimated payments and such. TIA

There's a reason why this screen shot shows just the very minimal amount of information. I'd say this has probably been faked. It's pretty darn simple to modify the HTML generated by the page any modern browser. Funny this gets posted up on these forums just right before the IPO too. Wonder why?

Good point, I've seen plenty of fake screenshots myself and softwares that alter pictures. This screenshot was taken straight from the screen from the account, of course there's little ways I can prove it unless making a video of logging in or you seeing it in person.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: DarioEM on December 11, 2014, 01:02:47 AM
The critical and analytical eye the participants on this forum turn to these suspicious (fraudulent?) claims may be the most valuable service provided by this forum to investors and particularly the newbies just dipping their toes in these choppy waters.  With the IPO, I expect to see a marked increase in posts making exaggerated or false claims and soliciting other people's money.

I'm encouraged to see the Lend Academy Constabulary rise to this challenge and call out all suspicious and specious claims.  We must fight Core's Neo-Bolshevik Russian Mobsters and South Florida Boiler Room Operators on the palm laden beaches for the benefit of all humanity.

DarioEM, can you honestly guarantee a 15% return to investors by "managing" their money and actually expect to make a "profit" except by stealing it from your investors?  I call bullshit.

I can't but the company I invest with does, I am the messenger. Making 50%+ and paying out 33% to investors is very feasible
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: DarioEM on December 11, 2014, 01:06:01 AM
Funny this gets posted up on these forums just right before the IPO too. Wonder why?

On his Linkedin page (https://www.linkedin.com/in/dariomontesdeoca) (job title internet marketer, with possible connection to the Russian woman listed there), he says he feeds the homeless.  So maybe he needs a bunch more LC clients to pay for a special turkey & Thunderbird Christmas dinner for the less fortunate.  So you guys better start handing over your money because it's going to a good cause.  What a guy!

Russian woman? LOL. Yes I give clothes and food to the homeless at least once every month, I made it a goal years ago
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Fred on December 11, 2014, 01:15:14 AM
I can't but the company I invest with does, I am the messenger. Making 50%+ and paying out 33% to investors is very feasible

Show some proof, or it does not exist.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Ben on December 11, 2014, 04:13:10 PM
Exactly! Convince us and you have a brand new customer base. :)
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: Randawl on December 11, 2014, 06:10:29 PM
As other people have said, the total payments received of under 19k with about 167k outstanding says it all about the account age. . .
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: renoofturks on December 12, 2014, 08:01:22 AM
I can't but the company I invest with does, I am the messenger. Making 50%+ and paying out 33% to investors is very feasible

This is the most moronic thing I have ever heard. Are there people on this planet stupid enough to believe that? What, in the history of the world, has ever had return rates that high for a sustained period? I bet drug and arms dealers don't see those kind of returns on invested capital. It isn't very feasible. It's impossible. If you have money "invested" with them you have been robbed but I think it is more likely you are trying to drum up money for your scam.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: rawraw on December 12, 2014, 10:20:37 AM
I can't but the company I invest with does, I am the messenger. Making 50%+ and paying out 33% to investors is very feasible

This is the most moronic thing I have ever heard. Are there people on this planet stupid enough to believe that? What, in the history of the world, has ever had return rates that high for a sustained period? I bet drug and arms dealers don't see those kind of returns on invested capital. It isn't very feasible. It's impossible. If you have money "invested" with them you have been robbed but I think it is more likely you are trying to drum up money for your scam.
If you were a leveraged entity, say a bank, it may be possible.  A bank with 100MM in assets, 10MM in capital.  90MM in LC loans.  Paying 1% interest on deposits of 90MM.  A spread 6% net of overhead, interest cost, etc would be a 54% return on equity if the money was distributed and not accumulated (increasing equity).  I'm sure there are other ways to achieve this leverage, but a bank is the one that comes to mind.  That doesn't mean it's risk free, but leverage makes high returns certainly possible.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: bobeubanks on December 12, 2014, 11:09:02 AM
If you were a leveraged entity, say a bank, it may be possible.

Yeah, like Bear Stearns.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: renoofturks on December 12, 2014, 11:11:40 AM
Yeah, like Bear Stearns.

That is my point. It is not sustainable.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: rawraw on December 12, 2014, 12:08:11 PM
If you were a leveraged entity, say a bank, it may be possible.

Yeah, like Bear Stearns.
There are plenty of banks that do this and haven't failed.  Honestly, you are intimately dependent on one.  I haven't looked at Webbank's exact ROE, but I'm sure it's much higher than you'd expect.  If you guys think those sort of returns are not sustainable, you are taking more risk than you realize.

Looked it up for you.  As of 9/30, Webbank's ROE is 38.04
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: renoofturks on December 12, 2014, 01:08:26 PM
38.04 is not 50%+

And these banks are not out soliciting funds from individuals.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: rawraw on December 12, 2014, 02:00:26 PM
38.04 is not 50%+

And these banks are not out soliciting funds from individuals.
So then where is the line of demarcation?  All Webbank has to do is dividend 100% of earnings instead of 50% for a few quarters to end up at 50%.  My point is that while returns are useful as a metric for what isn't realistic, it is still only one metric.  Webbank is a very peculiar entity, as is the case with most of the Utah Industrial Chartered Banks.  I still think this guy is full of it, but it isn't impossible.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: renoofturks on December 12, 2014, 02:11:55 PM
It is very much impossible given any decent time line. No individual investor is going to get 33% returned to them for any length of time. It just isn't possible. We cannot compare what an individual is able to accomplish to what a highly leveraged FI can do. They are two very separate things.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: evergreen on June 16, 2015, 11:22:32 PM
Percentages have held steady over several years, so the adjustment is not valid. It probably has something to do with Lending Club trying to be very conservative in the eyes of regulators.

Screenshot of company account earning 26.81% Net Annualized Return on Lending Club. Over a year ago this account was making 23.70%.
Lending Club is great but our investors actually do better than this

(https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2F3.bp.blogspot.com%2F-QoF03hSFQf4%2FVIayYK2v5VI%2FAAAAAAAABlM%2FlnaTx-FkTTE%2Fs400%2FLending%252BClub%252BScreenshot%252Bblack%252Bout.png&hash=8d532642e0772bbf9e16f16bf1b5b995)

Those are some great numbers Dario.

Unfortunately...
1. I notice that you turned off the "adjust... for past due notes." feature.  I suggest you turn that on.

2. I note that LC has paid you $18,885 in interest.  You have $166,991 invested at present.  If I divide, I get 11.3%   Comparing that to the displayed NAR, I conclude that you have had most of that money invested for a very short time.  If you had the money invested for say about a year, I would expect those two numbers to be about equal.

It is trivial to get a high NAR when most of your money has been invested for a short time, as yours has.  All you have to do is invest in the riskiest loans.  NAR doesn't say much about your performance until the portfolio has aged some. 

During the 1st month of a loan, it can't be late, because no payment is due yet.
During the 2nd month, it can be late, but it can't yet be 1 month late.
During the 3rd month, it can be 1 month late.
During the 4th month, it can be 2 months late.
During the 5th month, it can be 3 months late.
During the 6th month, it can become 4 months late, and can be charged off.

So all those risky loans you recently (less than 6 months ago) purchased can't be charged off yet.  Therefore your NAR simply reflects the interest rate on those loans, and not your investment performance.

I wish you well.

Thank you for the feedback
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: evergreen on June 16, 2015, 11:24:01 PM
Primary notes, not possible. Highest gross return is about 26%. Can't compound that much.
Traded notes are at 28%, so it might be possible.

It is very much impossible given any decent time line. No individual investor is going to get 33% returned to them for any length of time. It just isn't possible. We cannot compare what an individual is able to accomplish to what a highly leveraged FI can do. They are two very separate things.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: evergreen on June 16, 2015, 11:25:00 PM
100K is no small amount. Just a recent deposit.

Very nice!  You guys must be making a pile of money since you don't even need to invest half of your cash in notes.  Is LC giving you a special interest rate on that idle cash?

By the way, I like the palm trees on your web site.  Whenever I see palm trees and a beach, I pretty much know I'm dealing with a reputable company right away.  But I would have preferred to be able to do some reading on the site without having to supply my email address and phone number.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: evergreen on June 16, 2015, 11:26:40 PM
I can't but the company I invest with does, I am the messenger. Making 50%+ and paying out 33% to investors is very feasible

Show some proof, or it does not exist.
Title: Re: Lending Club Account Earning 26%+ Net Return (Screenshot)
Post by: evergreen on June 16, 2015, 11:28:27 PM
Lol! No, we are related!!!

I don't think we even look alike. Besides, I'm a german white boy and he's hispanic.